USAA unit head retiring

The president for USAA’s property and casualty insurance group, Alan Krapf, is retiring early next year after a 27-year career with the San Antonio company.

The financial services and insurance company announced it has begun identifying internal and external candidates to fill the position. Once a new president is hired, Krapf will remain at USAA as special assistant to CEO Stuart Parker until departing the company.

Krapf joined USAA from MetLife Auto & Home in 1989. He took over as USAA Property and Casualty’s president in 2014. He had served as chief of staff for the unit before becoming its president.

USAA provides insurance, banking, investments and retirement products to 11.4 million current and former members of the military and their families.